Goldman Sachs Partner List Drops 31 Since February, Filing Shows
Goldman Sachs Group Inc. (GS), which is scheduled to announce its new class of partners next week, has 407 members of that elite group, down 31 in about nine months, according to a company filing.
That’s because 33 people listed as part of the partnership in a February document weren’t included in a filing released Nov. 2. Two names -- Mark Schwartz, hired in June to run the company’s business in Asia, and Richard Phillips, an Australian national -- were added to the latest filing.
Goldman Sachs, the fifth-biggest U.S. bank by assets, selects employees every two years to a so-called partnership more than 13 years after the firm became a publicly traded company. The partners, who partake in a special compensation pool, owned about 11.4 percent of the company’s shares as of Oct. 22, down from 11.8 percent on Feb. 1, the filings show. David Wells, a spokesman for the bank, declined to comment.
Some of the names missing from the latest filing had already been reported, such as former Securities Division Co- Head David B. Heller and Lucas van Praag, the former head of corporate communications. Others hadn’t been announced.
Names dropped from the latest list include investment bankers Jason G. Cahilly, who specializes in advising media and telecommunications companies; Alastair J. Hunt, who works with businesses involved in natural resources; Kevin A. Quinn, a specialist in semiconductor firms and Richard A. Kimball Jr., who worked with the health-care industry.
Schwartz’s Sale
Anthony W. Ling, who left his role as head of European equity research in 2010 to focus on other investment research initiatives, was also dropped from the latest partner list, as was Lindsay P. LoBue, who had worked in credit-derivative sales, and Kaysie P. Uniacke, who held senior roles in the asset- management division.
Last week’s filing also disclosed stock sales in October by some of Goldman Sachs’s most senior executives. Timothy J. O’Neill, co-head of Goldman Sachs Investment Management, sold 32,021 shares on Oct. 17 for $124.36 apiece, for a total of $3.98 million.
Harvey M. Schwartz, the co-head of securities sales and trading who was named to become chief financial officer in January, sold 20,286 shares on Oct. 18 at $124.60 apiece, a total of $2.53 million. Ashok Varadhan, who was named global head of macro trading in March, sold 27,854 shares on Oct. 18 at $125 apiece, totaling $3.48 million, according to the filing.
The following is a list of people who were included on Goldman Sachs’s list of partners as of Feb. 1 that were no longer on the list as of Oct. 22.
Partner
Name Nationality Since
1 Sanggyun Ahn Korea 2008
2 Christopher M. Barter U.S 2004
3 Milton R. Berlinski The Netherlands 1996
4 Jason G. Cahilly U.S 2008
5 Jin Yong Cai China/Hong Kong 2006
6 Lik Shuen David Chan Hong Kong 2006
7 Chia-Lin Chang Taiwan 2010
8 Martin Cher Singapore 2008
9 Diego De Giorgi Italy 2004
10 Steven M. Feldman U.S. 2004
11 Luca D. Ferrari Italy/U.S. 2006
12 Paul Graves U.K. 2008
13 David B. Heller U.S. 1996
14 Alastair J. Hunt U.K./U.S. 2006
15 Richard A. Kimball, Jr. U.S. 2006
16 Hughes B. Lepic France 2000
17 Wayne M. Leslie U.K. 2010
18 Anthony W. Ling U.K. 2002
19 Lindsay P. LoBue U.S. 2010
20 Serge Marquie France N/A
21 George N. Mattson U.S. 2002
22 Jeffrey M. Moslow U.S. 2000
23 Kevin A. Quinn U.S. 2004
24 Krishna S. Rao U.K./India 2006
25 Muneer A. Satter U.S. 1996
26 Shahriar Tadjbakhsh U.S. 2004
27 Jasper Tans The Netherlands 2010
28 Kaysie P. Uniacke U.S. 2002
29 Lucas van Praag U.K. 2006
30 Kevin A. Walker U.K. 2010
31 C. Howard Wietschner U.S. 2002
32 Samuel J. Wisnia France 2006
33 Yoel Zaoui France 1998
To contact the reporters on this story: Christine Harper in New York at charper@bloomberg.net; Zachary R. Mider in New York at zmider1@bloomberg.net
To contact the editors responsible for this story: David Scheer at dscheer@bloomberg.net; Jeffrey McCracken at jmccracken3@bloomberg.net